Market Research Report
Europe Medical and Lab Refrigerators Market Forecast 2021-2028
|Europe Medical and Lab Refrigerators Market Forecast 2021-2028|
Published: September 14, 2021
Content info: 133 Pages
Delivery time: 2-3 business days
The Europe medical and lab refrigerators market is predicted to register a CAGR of 4.29% during the forecast period, 2021-2028. The rising awareness of blood donation, coupled with government initiatives, drive market growth.
Italy, Germany, the United Kingdom, France, Poland, Belgium, Russia, and Rest of Europe, are assessed for the Europe medical and lab refrigerators market growth analysis. Germany registered a sales volume of 8.8 million temperature-sensitive pharmaceuticals and 19.2 million refrigerated medical articles in 2018. Also, the country was highly ranked in the pharmaceutical industry according to the CPhI Pharma Index 2019. In addition, as per the same research, the country is an elite pharmaceutical market with regard to finished product manufacturing, growth potential, innovation, API manufacturing, and competitiveness as compared to its European counterparts. Moreover, the country offers a conducive location for the pharmaceutical industry in terms of sales, production, and development.
France encompasses a highly developed pharmaceutical industry. Also, it is one of the major drug marketers and manufacturers in Europe, with substantial FDIs. Further, the pharmaceutical market in Poland is witnessing steady growth. In addition, the country is one of the largest pharma markets in Eastern and Central Europe. There has been a rising focus on boosting foreign investments and funds from the EU. With estimated economic growth, the government is set to invest in the medical sector and its digitalization. Moreover, the medical sector is estimated to grow at an average of 4.9% annually through 2024. Such factors facilitate market growth in these countries.
Some of the major companies in the market include: PHC Holdings Corporation, Migali Scientific, Helmer Scientific Inc, Philipp Kirsch GmbH, LEC Medical, etc.